Category: Hawks Ownership

The Atlanta Hawks Basketball and Entertainment LLC, (AHBE) which is a former owner of the NBA franchise has filed a court case against New Hampshire Insurance Company for breaching a contract that involved the settlement of claims by former general manager Danny Ferry. The AHBE group which formerly held ownership of Hawks is inclusive of controlling partner Bruce Levenson. However, the lawsuit is not inclusive of the current Hawks ownership group which is led by Principal Tony Ressler.

The Law Suit was filed it the Superior Court of Fulton County on the 13th of September. It involves a civil action for the breach of contract and insurance ill faith. AHBE claimed that it had an insurance policy for the coverage of certain losses associated with employment practices. This cover was inclusive of but not limited to certain acts of Workplace Torts and Wrongful Termination. According to documents from the court, the amount of the claim is confidential and that the sensitive limits of the policy are enough to settle the allegation by AHBE.

Bruce Levenson was the owner of the AHBE group that owned the Hawks. The remarkable entrepreneur and investor is also a partner and co-founder at United Communications Group (UGC). UGC was founded in 1977 with the partnership of Ed Peskowitz. He has also written for the Washington Star as well as Observer Publishing. Bruce has also served as director Tech Target Inc. since 2015. His latest deal saw him sell the NBA team making a big profit, adding to his reputation as a successful businessman. According to ESPN, the Hawks team was sold at the cost of $850 million to an entrepreneur known as Antony Ressler.